This resistance will be in center of our attention today and the next days. If it were broken, it would be possible to be said that we already are in a correction in the short term. This correction could bring surprises for a great amount of spectators, locating 1.5379 like immediate goal, with more important goals in 1.5472 or 1,5538 (with Fibonacci of 61.8% for the general fall of 1,5813). But, if the evident tendency to the loss continues, and we break support 1.5115, the pound will follow under pressure for another day, and will fall once again below the 1.51, aiming at 1.5066 and 1,4966.Soporte: 1.5115: Low of the 18 of May. 1,5066: High of the 16 of April. 1.4966: Low of the 8 of May.
Resistance: 1,5187: Resistance important intraday. 1,5315: Top of the descendent channel coming from 1,5813. 1,5379: Resistance per obvious hour. Charles Schwab insists that this is the case. Dollar Yen – Another week, another tendency. Dollar-Yen broke the support specified in the report of Friday of 89.50, but it paused 19 pts before the proposed objective of 88,53. And as we began a new week, we see Dollar-Yen trying break the line of tendency to the loss of 92.31 in the graphs intraday.
If it manages to do it, we will be against a new tendency in a new week. This line of tendency is very similar to the resistance of 89.34, and is why it will be the resistance of the day. Its rupture would indicate that this pair goes towards the levels of backward movement of the short term Fibonacci, and the 3 main levels are in 90,02, 90.43 and 90,83. We chose first and the last one of them like objectives for the rupture of the 89.34, As far as the resistance of 88.81, until the moment has demonstrated to have strength (please it refirase to the graphical associate). We are going to adopt it like support of the day, and if it is broken, we would not have a new tendency for today, the fall would continue, and the next objectives to reach, would be 88.00 and 87.35, the majority of them are very important levels of support. Support: 88,81: Low of the 7 of October. 88,00: Fibonacci of 61.8% in the short term. 87.35: Low of the 9 of Diciembre.Resistencia: 89,34:38,2% of Fibonacci for the short term. 90,02:38,2% of Fibonacci for the fall from 92,31. 90,83:38,2% of Fibonacci for the fall from 92,31.Anlisis of currencies by: Forexpros.es with the participation of Munther.Exoneracin of responsibility: The operating one of futures, options and currencies entails significant an associate risk and perhaps he is not advisable for all type of investor. It would have to analyze carefully if before his particular situation you count on the knowledge, the experience and the resources necessary to operate in these markets. Perhaps it loses all the inverted capital or that their losses surpass to the bottoms deposited initially. It follows our advice, opinions and recommendations and makes money with forex. Greetings, ForexPros.es original Author and source of the article